Payday Lending Stores Receive Criticism

WKSU - February 22, 2007
   

WKSU

By Bill Cohen

The number of payday lending stores in Ohio has exploded in the past decade. A new study confirms the trend. Critics say there’s good reason for the stores’ success – they’re making a mint off of desperate consumers by charging sky-high interest rates. But the payday lending industry is answering the criticism.

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